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REGISTERED NUMBER: 09643234 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SOMETHING INC LIMITED

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMETHING INC LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: A B Hewitt
N P Hoskin
D J Pickard





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 09643234 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,376 1,794
Investments 5 1 1
11,377 1,795

CURRENT ASSETS
Debtors 6 887,321 999,348
Cash in hand 3,212 3,112
890,533 1,002,460
CREDITORS
Amounts falling due within one year 7 625,931 714,449
NET CURRENT ASSETS 264,602 288,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,979

289,806

CREDITORS
Amounts falling due after more than one year 8 259,626 373,585
NET ASSETS/(LIABILITIES) 16,353 (83,779 )

CAPITAL AND RESERVES
Called up share capital 12 12
Share premium 11 464,892 64,990
Retained earnings 11 (448,551 ) (148,781 )
SHAREHOLDERS' FUNDS 16,353 (83,779 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

BALANCE SHEET - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





A B Hewitt - Director


SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Something Inc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the Directors will continue to support the Company as required for a minimum of 12 months and 1 day from signing of the Balance Sheet.

Turnover
Turnover represents income from services which are invoiced net of value added tax and trade discounts.

Turnover is recognised over the duration of the relevant project. For projects that are ongoing at the period end, turnover is accrued for, with reference to the project stage of completion at the period end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 131,667
Additions 16,461
At 30 June 2023 148,128
DEPRECIATION
At 1 July 2022 129,873
Charge for year 6,879
At 30 June 2023 136,752
NET BOOK VALUE
At 30 June 2023 11,376
At 30 June 2022 1,794

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 255,479 164,724
Other debtors 631,842 834,624
887,321 999,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 469,572 190,155
Trade creditors 43,431 13,936
Taxation and social security 70,209 44,315
Other creditors & accruals 42,719 466,043
625,931 714,449

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 259,626 373,585

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year - 55,417

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 167,250 53,909
Bank loans 561,948 509,831
729,198 563,740

Bank loans are secured on the company's assets by way of a fixed and floating charge.

SOMETHING INC LIMITED (REGISTERED NUMBER: 09643234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2022 (148,781 ) 64,990 (83,791 )
Deficit for the year (299,770 ) (299,770 )
Cash share issue - 399,902 399,902
At 30 June 2023 (448,551 ) 464,892 16,341

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other debtors includes amounts due to the company from the directors, amounting to £42,881 (2022: £9,774 creditor).